Update: Paulson Investment's 31st Annual Westergaard

Update:  Paulson Investment's 31st Annual Westergaard Conference to Showcase Emerging Industry Leaders  PORTLAND, OR -- (MARKET WIRE) -- 11/06/08 --  Paulson Investment Company, Inc., a wholly-owned subsidiary of Paulson Capital Corp. (NASDAQ: PLCC), today issued an updated list of companies confirmed to present at Paulson Investment's 31st Annual Westergaard Conference to be held next Wednesday, November 12, at the historic Waldorf-Astoria Hotel in New York City.  Larry Kudlow, noted economist and host of CNBC's "Kudlow & Company," returns as the keynote luncheon speaker.  Noted as one of Wall Street's most widely anticipated micro/small cap events of the year, the Conference will showcase select small and emerging growth companies focused on establishing leadership in a broad range of industry sectors, including advertising and marketing services, alternative energy, consumer products and services, conventional energy, environmental responsibility, financial services, healthcare, industrial, security and technology.  Founded in 1978 by noted small cap analyst John Westergaard, this Conference provides a venue for invited companies to share detailed insight into their business operations, short and long term growth strategies and industry vision.  Registration for the Conference will open at 7:00 AM ET.  In addition, prior to the commencement of featured company presentations, an Analyst Forum will take place from 7:30 AM ET - 8:30 AM ET to discuss how emerging market trends and prevailing market dynamics are fueling or negatively impacting a wide range of industries.  Attendees are also invited to a closing reception hosted by Paulson Investment Company, Inc. from 5:30 PM ET - 7:30 PM ET.  There is no cost to attend, however space is limited.  Investment professionals planning to attend are strongly encouraged to pre-register for the event.  For more information or to pre-register, please visit www.westergaardconference.com.  EVENT AT A GLANCE:         WHEN:    Wednesday, November 12, 2008              7:00 AM ET - 5:30 PM ET      WHERE:   Waldorf Astoria              301 Park Avenue (Between 49th and 50th)              New York City      LUNCH     KEYNOTE: Lawrence Kudlow is host of CNBC's primetime "Kudlow &              Company," which airs nightly from 7:00 PM to 8:00 PM.  He is              also the host of "The Larry Kudlow Show" on WABC Radio that              airs Saturdays from 10:00 AM to 1:00 PM.  Larry Kudlow is              Chief Executive Officer of Kudlow & Co., LLC, an economic and              investment research firm.  He is also a nationally syndicated              columnist and author.  Larry Kudlow is a familiar face in              Washington and on Wall Street -- a renowned free market,              supply-side economist armed with knowledge, vision and              integrity acquired over a career spanning three decades.   The 2008 Conference will play host to a diverse group of companies each scheduled to give multiple presentations throughout the day to small, informal groups of investment professionals.  Confirmed presenting companies, listed by industry sector, are:         Advertising and Marketing Services:     'mktg, inc.' (NASDAQ: CMKG)      Alternative Energy:     China Energy Recovery, Inc. (OTCBB: CGYV)     Power Air Corporation (OTCBB: PWAC)      Consumer Products and Services:     Enable Holdings, Inc. (OTCBB: ENAB)     Healthy Fast Food, Inc. (OTCBB: HFFI)     Smart Move, Inc. (NYSE Alternext U.S.: MVE)     SOYO Group, Inc. (OTCBB: SOYO)      Conventional Energy:     Pacific Asia Petroleum, Inc. (OTCBB: PFAP)      Environmental Responsibility:     Converted Organics, Inc. (NASDAQ: COIN)      Entertainment Services:     Tix Corporation (NASDAQ: TIXC)      Financial Services:     EDGAR Online, Inc. (NASDAQ: EDGR)     MyECheck, Inc. (OTCBB: MYEC)     Paulson Investment Company, Inc. (NASDAQ: PLCC)      Healthcare:     IntegraMed America, Inc. (NASDAQ: INMD)     Nanogen, Inc. (NASDAQ: NGEN)     The Quantum Group, Inc. (NYSE Alternext US: QGP)      Industrial:     Baldwin Technology Company, Inc. (NYSE Alternext U.S.: BLD)      Security and Technology:     DRI Corporation (NASDAQ: TBUS)     ICOP Digital, Inc. (NASDAQ: ICOP)     INX Inc. (NASDAQ: INXI)     IPtimize, Inc. (PINKSHEETS: IPZI)     Patriot Scientific Corporation (OTCBB: PTSC)   To date, valued conference sponsors include:         Dutton Associates     Elite Financial Communications Group, LLC     EQUITIES Magazine     Holland & Knight, LLP     Lane PR     Marketwire, Incorporated     Morse Zelnick Rose & Lander, LLP     PR Newswire Association LLC     Vintage Filings, LLC   For more information on sponsorship opportunities, please contact Tiffany Korkis or John Morrison at Elite Financial Communications Group by calling 407-585-1080, or via email at Tiffany@efcg.net or John@efcg.net.  About Paulson Capital Corporation  Paulson Capital Corporation is the parent company to Paulson Investment Company, Inc.  Headquartered in Portland, Oregon, Paulson Investment Company, Inc. is the Northwest's largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million.  Founded by Chester "Chet" Paulson in 1970, it has managed or underwritten 163 securities offerings and has generated more than $1.2 billion for client companies.  The firm's enduring success stems from its ability to recognize emerging industry trends and from supporting emerging companies pioneering positive change and advancements in those related markets.  With corporate and independent retail brokerage offices located in 11 states throughout the country, Paulson Investment Company, Inc. aims to earn and build trust with retail and select institutional investors through highly customized financial portfolio management, diversified financial products and service offerings and effective administration and execution of investment strategies that specifically address individual risk tolerance levels.  In addition, Paulson Investment Company, Inc.'s brokerage clients look to the firm for compelling new investment ideas in the small and emerging growth markets.  Paulson Investment Company, Inc. was the managing underwriter for the initial and/or secondary public offerings for one or more of the presenting companies.  Paulson Investment Company, Inc. may make a market in one or more of the securities for the presenting companies.  These markets may, however, be changed at any time without notice.  Individuals associated with Paulson Investment Company, Inc. and its officers and/or directors may hold shares in companies affiliated with this conference and may increase or decrease such holdings without notice.  This release may contain "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results of achievements may be materially different from those expressed or implied.  The Company's plan and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control.  In particular, we make assumptions about our ability to complete corporate finance transactions and increase the volume and size of our securities trading operations, which are difficult or impossible to predict accurately and often beyond the control of the Company.  Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.  FOR MORE INFORMATION, PLEASE CONTACT: Elite Financial Communications Group, LLC Dodi Handy President and CEO 407-585-1080 email plcc@efcg.net    
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